Nifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From...
Yes bank after massive rally of 150 % from bottom of channel is consoldating in a trading range. As long as the price remains above 66.75 we can see higher levels. Immediate resistance is seen at 74.70
NSE:SUNTV SunTV in Down channel on bullish breakout may touch 475 490 on rejection price may fall to 390 400
I just realized that entire history of Nifty50 can be seen as three neat patterns on monthly chart. This is the first chart for the first 13 years of the exchange and the index. It gave a healthy return of 15% per annum, when banks deposits also gave lower double digit returns. I personally don't believe anyone could have recognized the pattern and invested to...
Market is in uptrend as per higher time frame and we can see a nice downward channel in 1 hr time frame, So we need a clear buy setup to go long, Always trade in a direction of a highr timeframe.
Hi, I am revising my thoughts based on what my prof explained to me.... Now i am seeing what i wasnt seeing before.
mentioned in the chart and can discuss on twitter
If this test fails then new levels may open up on the downside and the recent swing low of 2603 may be in threat.
JUST DIAL MAKING FLAT BOTTOM PATTERN TO GO UPSIDE FOR 3-4 MONTH HORIZON BUYING STRATEGY BETWEEN 505-520 TARGET -- 560 -- 600 -- 645 BUY ON DECLINE -- 480--500 STOP BELOW 470 TIME FRAME -- 3-4 MONTH HORIZON
Two positive 1. Channel Breakout 2 morning star candle stick formation
Infratel - Perfect example of bearish price Channel. A price channel is a pair of parallel trend lines that form a chart pattern. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance. How to trade this? 1. When the price hits the top of the channel, take a short...
NIFTY HAS GOOD SUPPORT NEAR 10800 and ALSO MARKED CHANNEL BOTTOM AROUND THE SAME LEVEL. WE COULD SEE BOUNCE FROM THESE LEVEL TO 11076/11144 LEVEL. FROM THESE LEVEL ONE CAN SHORT WITH SL OF 11180 FOR THE DOWNSIDE TARGET OF 10740/10680